Reserve Bank of India (RBI) Governor Shaktikanta Das has once again been recognized as one of the top three central bankers in the world, earning an ‘A+’ rating in the Global Finance Central Banker Report Cards 2024. This marks the second consecutive year that Das has achieved this prestigious ranking, a testament to his effective leadership at the helm of India’s central bank.
Global Recognition for Leadership
The announcement was made by the RBI on social media platform X, where the central bank shared the news with pride. “We are pleased to announce that for the second consecutive year, RBI Governor @DasShaktikanta has been rated ‘A+’ in the Global Finance Central Banker Report Cards 2024,” the post read.
Happy to announce that for the 2nd consecutive year, RBI Governor @DasShaktikanta
has been rated “A+”, in the Global Finance Central Banker Report Cards 2024.Link to the report card: https://t.co/S69gz2HR0U@DasShaktikanta @RBI #RBIGovernor #RBIToday #ShaktikantaDas
— ReserveBankOfIndia (@RBI) August 20, 2024
The Global Finance Central Banker Report Cards, an annual publication since 1994, evaluates and grades central bank governors from nearly 100 countries and regions. The grades are based on a scale from “A+” to “F” and consider factors such as inflation control, economic growth, currency stability, and interest rate management.
Prime Minister Modi’s Commendation
Prime Minister Narendra Modi was quick to congratulate Das on this significant achievement. In a post on X, Modi praised the RBI Governor’s leadership and his contributions to India’s economic stability. “This is a recognition of his leadership at the RBI and his work towards ensuring economic growth and stability,” the Prime Minister said.
Top Global Rankings
In the 2024 report, Das secured the second position among the central bank governors who received an ‘A+’ rating. The top spot was awarded to Christian Kettel Thomsen of Denmark, with Switzerland’s Thomas Jordan ranking third.
Global Finance highlighted that the rankings recognize central bankers whose strategies have outperformed their peers through innovation, creativity, and determination. Joseph Giarraputo, founder and editorial director of Global Finance, noted the significant impact of these leaders in battling inflation over the past few years, emphasizing the role of higher interest rates in achieving these results.
Acknowledging Excellence in Central Banking
The consistent high ranking of Shaktikanta Das reflects his successful stewardship of the RBI, particularly during challenging economic times. His focus on maintaining currency stability, controlling inflation, and fostering economic growth has been instrumental in securing India’s economic resilience.
As the global economic landscape continues to evolve, Das’s recognition among the top central bankers underscores the vital role that strong, effective leadership plays in navigating the complexities of modern financial systems.
